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Converting
a home into a vacation rental is very popular. Many residents all over Florida
stay for a good portion of the winter, but use the summer for traveling or
living further north. If you own a home in a destination city and you want to
turn it into a vacation rental, you need a few tips to help. Here are some of
the main things to keep in mind.
Helpful
Tips for Vacation Rental Conversion
1.
Furnishing the Home
A
furnished vacation rental in a tourist area, such as Orlando Florida, will
draw a larger crowd and allow you to charge more for the rental period.
Assuming you will spend time in the home for part of the year, you may want to
consider keeping some of your more expensive furniture in local storage during
the time you’re not there. This will keep you from the disappointment of
finding out one of your renters broke a family antique or something else
special to you.
2.
Hiring a Maid Service
A
trusted maid service can help you manage
the property without much effort. You can hire a local maid service not
only to clean the home in between renters, but also to report back to you if
anything was broken. Most of the time you don’t even need to ask them to let
you know of any broken items. They will tell you before they clean because they
don’t want to be held responsible for what’s happened.
3.
Create Instructions for Renters
Providing
your guests with instructions about how to use certain electronic components,
where trash belongs, where to find certain things and any rules of the
neighborhood can help eliminate any issues. It’s important to make these
instructions as clear as possible, so they can enjoy their stay and you don’t
have to spend time worrying.
4.
Review the Rental Laws
Before
renting
your home, you need to understand the landlord, tenant laws for the area.
These laws vary from state to state and understanding what’s expected from you
and from your guests will help you if an unforeseen issue arises.
These
are just a few of the many things to consider. You may also want to create a
check-in and checkout procedure, decide on how to collect payment and figure
out how to get the keys to the renter. Make sure you address everything you
possibly can and treat your rental property as a business. This will help you
handle all the necessary tasks so both you and your guest can enjoy the
property.
